Additional Links

July 2018 Report – San Francisco Real Estate Market Update for June 2018

July 4th, 2018 by mick@sfresidence.com

The number of homes in the Overall Sales category sold in JUNE decreased from the previous month as well as a year ago in the San Francisco Real Estate Market. These numbers reflect the homes sold (for the most part) in the previous month given a typical 30 day close. This is typical as we generally have a summer lull in the market about this same time every year. The average sale prices was slightly less than the previous month as well as a year ago. However, the percentage increase of average sold price over the average list price was more than the previous month as well as a year ago. Average days on the market were less than the previous month as well as a year ago.

What do these numbers all mean? This month, single family homes UNDER $2M sold (on average) MORE than the asking price by OVER 21%! All the categories we track sold for more, on average, than the list price with the exception of Co-ops which always tend to do their own thing. As always the San Francisco real estate market which continues to perform EXTREMELY WELL!

If you are thinking of selling this is still a GREAT time to SELL. And it can be a great time to BUY with the right agent. Whether you are buying or selling, call Janis Stone at 866-224-8024 TODAY!

* Remember, closed sales in any month reflect deals ratified in the previous month with a typical 30 day close.